'Better Communication in Financial Reporting' highlights the importance and common themes of a number of the International Accounting Standards Board's (Board) projects. These projects are designed to help make financial information more useful and improve the way financial information is communicated to users of the financial statements.
Investors have told the Board that because financial statements can often be poorly presented, it can be difficult and time-consuming for them to identify useful information. The Board wants to contribute to making communication of information in companies' financial statements more effective.
Hence, 'Better Communication in Financial Reporting' will be a theme underlying much of the Board's work for the next few years. The Board has identified a number of projects that it will develop to support better communication in financial reporting.